Some Advantages of Personal Leasing
Personal Vehicle leasing has many very attractive
alternatives to buying for many people. The potential benefits of
leasing when compared to conventional new-car purchase loans are
as follows.
Lower Monthly Payments
Because you're only paying for the portion of the car or truck that
you actually use, your monthly payments are 30%-60% lower than for
a purchase loan of the same term.
More Car, More Often
Since your monthly payments are lower, you'll be able to get more
car for the same money and drive a brand new vehicle every two to
four years, depending on the term length of your leases.
Fewer Maintenance Headaches
Most people like to lease for a term length that coincides with
the length, in months, of the manufacturer's warranty coverage so
that if something major goes wrong with their car, it's always covered.
Lower Upfront Cash Outlay
Most leases require little or no down payment, which makes getting
into a new car more affordable and frees up your cash for other
things. However, you can choose to make a down payment to lower
your monthly payment amount.
No Used-Car Hassles
With leasing, the headaches of selling a used car are eliminated.
When your lease ends, you simply turn it back to the leasing company
and walk away, unless you decide to buy it or trade it.
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